New York Markets After Hours

Treasury plans to sell remaining shares of AIG

WASHINGTON (MarketWatch) -- The Treasury Department announced Monday that it plans to sell its remaining 16% stake in American International Group Inc. In a statement, Treasury said it would sell the 234.1 million AIG
AIG, +0.20%
shares in a public offering. Bank of America Merrill Lynch, Deutsche Bank Securities, Goldman Sachs and J.P. Morgan Securities have been retained as joint book-runners for the offering. AIG received a $182 billion U.S. government bailout at the peak of the global financial crisis.

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